Greenpro Capital Corp. (NASDAQ:GRNQ) Short Interest Down 38.3% in July

Greenpro Capital Corp. (NASDAQ:GRNQ) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 13,120 shares, a drop of 38.3% from the June 30th total of 21,272 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 5,047 shares, the short-interest ratio is currently 2.6 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Greenpro Capital in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Greenpro Capital Trading Up 7.9%

Shares of GRNQ traded up $0.09 during trading hours on Thursday, reaching $1.17. 4,385 shares of the company traded hands, compared to its average volume of 22,189. The stock’s fifty day moving average price is $1.43 and its 200 day moving average price is $1.85. The firm has a market cap of $21.00 million, a price-to-earnings ratio of -2.99 and a beta of 0.95. Greenpro Capital has a 12-month low of $1.03 and a 12-month high of $3.18.

Greenpro Capital (NASDAQ:GRNQ) last released its quarterly earnings data on Friday, May 8th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $0.41 million during the quarter. Greenpro Capital had a negative net margin of 153.32% and a negative return on equity of 31.13%.

Insiders Place Their Bets

In related news, CEO Chong Kuang Lee acquired 65,591 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average cost of $1.52 per share, for a total transaction of $99,698.32. Following the completion of the transaction, the chief executive officer directly owned 1,940,884 shares in the company, valued at approximately $2,950,143.68. This trade represents a 3.50% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GRNQ. Susquehanna International Group LLP acquired a new stake in Greenpro Capital in the third quarter worth about $34,000. Geode Capital Management LLC grew its stake in shares of Greenpro Capital by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock worth $143,000 after acquiring an additional 5,656 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in shares of Greenpro Capital during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 0.87% of the company’s stock.

About Greenpro Capital

Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.